MintDice Blog

The year 2018 was an eventful one for Ripple, that saw the technology platform making its way into the major headlines multiple times. Packed with ups and quite a number of downs, the year saw Ripple embrace new developments and tick some points off its roadmap.

Stellar Lumens and Ripple are two cryptocurrencies that are constantly compared as they were both created by the same person, Jed McCaleb. As so, there are quite a few obvious similarities but there are also a number of distinct properties that differentiate the cryptocurrencies.

The objective behind Ripple is to break down the walls created by major financial networks, like banks, credit cards, and payment processors that restrict the flow of money with high fees, currency exchange charges and processing delays. Ripple is attempting to integrate blockchain technology with the existing financial network.

Bitcoin trading is a common practice in the cryptocurrency space but, what incentives does it offer? Why should anyone trade it? Before going into trade, it is important to know how advantageous the practice can be, what to expect and what comes off as unrealistic expectations.

The research arm of Japanese technology giant Sony, recently announced the creation of a new cryptocurrency hardware wallet to compete with the likes of Trezor and Ledger Nano S — currently on the market. According to the company, the cryptocurrency wallet will use a contactless technology to store digital currencies like Bitcoin, Ethereum and Litecoin.

Floyd Mayweather and DJ Khaled were reportedly involved in a scandal concerning an illegal cryptocurrency scam. Both celebrities have been hit with class action lawsuits from investors who accused them of participating in this scam.

The emergence of Bitcoin as a store of value generated a high demand for platforms where people could exchange their fiat currency. As a result, Bitcoin exchanges began to pop up, and in 2011, when people outside the software development sphere were beginning to discover the potential of Bitcoin, Kraken was born.

The Titanium Blockchain fraud involved an inflation scheme that allowed it to profit from deceiving investors. It entailed orchestrating a social media campaign, using fake testimonials and false claims of corporate relationships with over thirty well-known companies, to create the illusion of credibility and expertise to unsuspecting investors.

In 2018, the blockchain landscape was a mix of negative and positive events that were in equal parts hectic, eye-opening and indicative of future developments within the digital currency industry. While a lot of these companies are great, some show the potential to achieve great things and hit new milestones in 2019.